Vat on sale of property
This query is : Resolved
19 October 2011
Is Vat or service tax applicable on sale or purchase of any property(A flat). Tell me if any case studies I can refer to.
19 October 2011
Vat or Service tax is not attracted on sale/purchase of property.
But if you are a builder selling a property or you are purchasing a property from a builder (under construction prop) then service tax and vat will arise.
Useful link :-
http://www.simpletaxindia.org/2010/07/service-tax-on-construction-service-wef.html
But if you are a builder selling a property or you are purchasing a property from a builder (under construction prop) then service tax and vat will arise.
Useful link :-
http://www.simpletaxindia.org/2010/07/service-tax-on-construction-service-wef.html
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